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LOANS FROM $10,000 UP TO $50,000 AT 2% INTEREST RATE NOW AVAILABLE TO YOU.
FINCA provides LOANS to business owners and entrepreneurs who need additional resources to:
• Support the expansion of their businesses.
• Purchase equipment and other fixed assets.
• Refurbish business space.
• Purchase additional inventory or inputs.
We give offer both collateralized and un-collateralized loans. Loans are available to both Groups and Individuals. Group Loans and Individual Loans. Our loans range from $100 to $50,000
FINCA Loans are:
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FAST
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EASILY ACCESSIBLE
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SIMPLE
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· We disburse more than 8,000 loans each month.
· For loans up to $5,000, no physical collateral is required.
· We have 55 conveniently-located offices throughout Azerbaijan to serve you.
· We have more than 700 staff members working hard to deliver your loan on time, with minimum demands on your time.
· We serve over 80,000 customers throughout Azerbaijan.
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Product Details
GROUP LOANS
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Rural Loan Product (RLP)
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Solidarity Credit Group Loan (SCG)
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Amount
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USD 50 – USD 2,500
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AZN 50 – AZN 2,000 (if manat loan)
USD 50 - USD 2,500 (if dollar loan)
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Term
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Up to 12 Months
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Up to 12 Months
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Accepted Collateral
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Group Solidarity Guarantee
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Group Solidarity Guarantee
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Payment Frequency
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Monthly
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Monthly
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Grace Period
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None
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None
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Availability
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Available to rural producers engaged in crop planting, animal husbandry, market gardening, dairy production, other processing activities, and trade in rural produce.
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Available to traders, service providers, producers, and other small business operators.
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Minimum Group Size
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5 members
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4 members
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INDIVIDUAL BUSINESS LOANS
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FINCA Express Loan (FEX)
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Small Medium Enterprise Loan (SME)
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Amount
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USD 100 – USD 5,000
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USD 5,001 – USD 50,000
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Term
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Up to 24 Months
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Up to 24 Months
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Accepted Collateral
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Combinations of movable assets and/or personal guarantees. Collateral coverage should be no less than 100%. Guarantor coverage can be for up to USD 5,000.
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For loans up to USD 10,000, a combination of movable assets and/or personal guarantees. Collateral coverage should be no less than 100%. Guarantor coverage can be for up to USD 5,000. The remaining amount should be covered by movable household or business assets. Loans over USD 10,000 should be covered by registered assets such as a house, apartment or commercial space.
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Payment Frequency
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Monthly
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Monthly
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Grace Period
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None
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None
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Availability
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Available to entrepreneurs engaged in trade, manufacturing or service industries.
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Available to entrepreneurs engaged in trade, manufacturing or service industries.
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AGRICULTURE LOANS (Individual)
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Individual Agriculture Loan (IAL)
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Commercial Agricultural Loan ( CAL)
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Amount
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USD 100 – USD 2,000
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USD 2,001 – USD 30,000
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Term
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2 to 12 Months
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Up to 24 Months
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Accepted Collateral
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For loans up to USD 500 only 50% collateral coverage is required. Acceptable collateral includes livestock or a third-party guarantor.
For loans over USD 500, 100% collateral coverage is required. Acceptable collateral includes household assets, equipment, livestock, gold, or other approved items.
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For loans up to USD 10,000 a combination of movable assets (household or farm/business) and/or third-party guarantees. Collateral coverage should be no less than 100%. Loans over USD 10,000 should be covered by registered assets such as a house, apartment or commercial space.
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Payment Frequency
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Monthly
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Monthly
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Grace Period
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Up to 9 Months
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Up to 9 Months
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Availability
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Available to farmers.
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Available to farmers
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